11565 Iowa Avenue 3, Los Angeles, California 90025, Los Angeles, 90025 - 6 bed, 5 bath
ACTIVE$1,850,000
11565 Iowa Avenue 3, Los Angeles, California 90025
6Beds
5Baths
2,192Sqft
2,784Lot
Year Built
1928
Close
-
List price
$1.85M
Original List price
$1.9M
Price/Sqft
$844
HOA
-
Days on market
-
Sold On
-
MLS number
SR25114722
Home ConditionExcellent
Features
Deck
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.85M(67th), sqft - 2192(50th), beds - 6(67th), baths - 5(67th).
Exceptional and Rare Three Unit property in Santa Monica in close proximity to Wilshire district and Beverly Hills. This is a fully rented and perfect opportunity for a long term investment. The duplex have been renovated inside and out with high quality & modern touches including laminate floors, Quartz countertops and marble vanities, recessed lightings, double paned windows and top of the line appliances, washer and dryer inside each unit makes this property very UNIQUE. The original duplex offers a two bedrooms and one bathrooms each and the recently Built ADU has Two bedroom and two bath. The free standing unit has cozy patio like front porch plus a BBQ area in the back.
Nearby schools
7/10
Nora Sterry Elementary School
Public,•K-5•0.2mi
5/10
Brockton Avenue Elementary School
Public,•K-5•0.6mi
6/10
Richland Avenue Elementary School
Public,•K-6•1.2mi
8/10
Edison Elementary School
Public,•PK-5•1.5mi
8/10
McKinley Elementary School
Public,•PK-5•1.6mi
8/10
Grant Elementary School
Public,•PK-5•1.7mi
9/10
Overland Avenue Elementary School
Public,•K-5•1.8mi
8/10
Clover Avenue Elementary School
Public,•K-5•1.8mi
9/10
Franklin Elementary School
Public,•PK-5•1.9mi
8/10
Mar Vista Elementary School
Public,•K-5•2.1mi
6/10
John Adams Middle School
Public,•6-8•2.3mi
8/10
Lincoln Middle School
Public,•6-8•2.4mi
6/10
University Senior High School
Public,•9-12•0.6mi
8/10
Santa Monica High School
Public,•9-12•2.9mi
6/10
Venice Senior High School
Public,•9-12•3.1mi
Price History
Date
Event
Price
09/05/25
Price Change
$1,850,000
05/22/25
Listing
$1,900,000
01/29/21
Sold
$1,250,000
07/02/04
Sold
$450,000
Condition Rating
Excellent
Despite being built in 1928, the property has undergone an extensive, high-quality, and recent renovation 'inside and out' with 'modern touches.' Key features like laminate floors, Quartz countertops, marble vanities, recessed lighting, double-paned windows, and 'top of the line appliances' are explicitly mentioned, along with a 'recently Built ADU.' The images confirm modern, virtually new conditions in the bathroom (black matte fixtures, sleek tiling, glass shower screen) and living areas (new flooring, recessed lighting). This aligns perfectly with the 'Excellent' criteria for a property that has been fully renovated recently, with all components being new or virtually new and meeting current quality standards.
Pros & Cons
Pros
Income-Generating Triplex: This fully rented, three-unit property offers immediate and stable rental income, making it an ideal long-term investment opportunity.
Prime Location: Located in Santa Monica with close proximity to the desirable Wilshire district and Beverly Hills, ensuring high rental demand and strong appreciation potential.
Extensive Modern Renovations: The property has been renovated inside and out with high-quality, modern finishes including laminate floors, quartz countertops, marble vanities, recessed lighting, and double-paned windows, reducing immediate capital expenditure for a new owner.
Desirable In-Unit Amenities: Each unit is equipped with a washer and dryer, a highly sought-after amenity that significantly enhances tenant appeal and rental value.
New ADU Addition: The inclusion of a recently built 2-bedroom, 2-bath ADU significantly increases the property's unit count, maximizing rental income potential and overall market value.
Cons
Limited Lot Size: The relatively small lot size of 2784 sqft for a triplex may limit outdoor space or future expansion possibilities.
Age of Original Structure: Despite extensive renovations, the original building dates back to 1928, which could potentially lead to unforeseen maintenance issues related to older underlying infrastructure.
Recent Price Reduction: The property has undergone a recent price reduction from its original list price, which might indicate initial overpricing or a need to stimulate buyer interest.